The past few days have seen rates surge to new multi-decade highs with the average lender quoting 7.6+ for top tier conventional 30yr fixed scenarios.…
Home Refinancing is Easy
It’s with no great pleasure (none of any kind, for that matter) that we find ourselves in a position to report, yet again, that mortgage…
In terms of day-over-day changes, today’s mortgage rate movement was forgettable. The average borrower wouldn’t see much of a difference from yesterday’s rates at the…
The average lender was already very close to multi-decade highs for 30yr fixed mortgage rates last Thursday afternoon, but a modest recovery on Friday meant…
Mortgage rates actually recovered a bit on Friday as the underlying bond market experienced a modest correction after spiking to the weakest levels in more…
Rates moved only moderately higher on Wednesday after the Fed rocked the bond market with its updated rate forecasts. To reiterate yesterday’s analysis, it’s not…
The Fed did not hike its policy rate today, but it did release updated forecasts that showed the average Fed member expects rates to be…
The FOMC (Federal Reserve’s Open Market Committee) is what most people are referring to when they say “the Fed.” This is the group that meets…
Mortgage rates began the day in slightly higher territory, but recovered after lenders offered mid-day price improvements. These sorts of mid-day changes are not uncommon…
In and of itself, today wasn’t too bad for mortgage rates. Things got a bit worse, but the change from yesterday was average or slightly…